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Dec 17, 2012
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a second tool republicans have and have employed against obama is the continuing resolution. >> yeah. >> because the democrats in the senate have not passed a budget in three or four years, we have a cr, continued resolution if that isn't continued march, april, the government has no money to spend. >> what about tax increases and the impact on the economy? is it really that big of an impact? what about giving in on something just to get a deal dub done so we don't have this crisis of going over the cliff? >> what we're trying to do is make the economy better, not worse. and we're going to be living through four years of the obamacare -- trillion dollars of obamacare taxes coming this next decade, all of the regulations that the epa and others have been hiding until after the election. $150 billion of those starting to bite before the year ends now, after the election but before the year ends, massive regulatory burden hitting. we need to not do more damage to the economy and raising the capital gains tax has always hurt the economy, raising the dividend tax is going to be very bad fo
a second tool republicans have and have employed against obama is the continuing resolution. >> yeah. >> because the democrats in the senate have not passed a budget in three or four years, we have a cr, continued resolution if that isn't continued march, april, the government has no money to spend. >> what about tax increases and the impact on the economy? is it really that big of an impact? what about giving in on something just to get a deal dub done so we don't have this...
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Dec 26, 2012
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president obama cutting short his annual vacation in hawaii to deal with the fiscal cliff. no sight of congressional leaders. they're not in town. investors getting a little bit nervous. will congress get it together in time? no talks that we know of are imminent. it was by at least one measure, the weakest holiday retail sales growth since the financial crisis back in 2008, but could a post-christmas holiday sales bounce be around the corner? >>> and what a year it has been for tech. gadgets and gizmos. apple, facebook, microsoft all have big news. will 2013 be a lucky year for the sector? which tech titans might lead the new trends? simon hobbs is in at the new york stock exchange. >> good afternoon. when president obama arrives back in d.c., can he prevent america falling over the fiscal cliff? house republicans haven't yet called their members back to washington. our chief political correspondent, john harwood, is with us. john, this feels very much like it might be the calm before the storm in more way than one. >> it could be if we go over the cliff and the storm woul
president obama cutting short his annual vacation in hawaii to deal with the fiscal cliff. no sight of congressional leaders. they're not in town. investors getting a little bit nervous. will congress get it together in time? no talks that we know of are imminent. it was by at least one measure, the weakest holiday retail sales growth since the financial crisis back in 2008, but could a post-christmas holiday sales bounce be around the corner? >>> and what a year it has been for tech....
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Dec 28, 2012
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outsourced obama care, outsourced the stimulus bill. left this to congress, to do all the major works he wanted, left it to them. now he's handing it over. he's the only western this afternoon who doesn't have to bow to the god of re-election, he, if anyone, could compromise, he doesn't have to worry about getting re-elected again. that's driving decision making on both sides when it comes to congress, yet, he doesn't lead. he hands it over to a man who hasn't passed a budget in years. >> at 3:00, we'll meet. and i'll tell congressional leaders, you come up with the package, tyler. >> the real tragedy, what it says about the quality of leadership in this country. they can't lead, seem unwilling to lead. that's what's distressing to individual voters and to the markets. >> thank you, joining us, and thank you, out there. we'll join "mad money" right after this break. and we'll see michelle right after that on a special "kudlow report." let's give thanks - for an idea. a grand idea called america. the idea that if you work hard, if you ha
outsourced obama care, outsourced the stimulus bill. left this to congress, to do all the major works he wanted, left it to them. now he's handing it over. he's the only western this afternoon who doesn't have to bow to the god of re-election, he, if anyone, could compromise, he doesn't have to worry about getting re-elected again. that's driving decision making on both sides when it comes to congress, yet, he doesn't lead. he hands it over to a man who hasn't passed a budget in years. >>...
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Dec 11, 2012
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this is steeper than even president obama's proposal. obama, of course, wants the 45% rate but only applied to estates valued at 3.5 million or more. any cliff deal will have to include the estate tax, and that fight is just beginning. maria? >> amazing, another big fight over the estate tax. >> starting right now so a lot to look forward to. >> robert frank with the latest there. breaking news on mollycorp. over to you, brian. >> i followed this rare earth company for a couple of years and mark smith, the ceo and face of the company, no longer the ceo. i can tell you sources tell me, kind of a board decision as they say they are growing to an operational company. the company's also been investigated by the s.e.c. i'm ted the s.e.c. investigation does not have anything to do with this muff but a hi high-flyers. getting red pretty hard right now. still above $10. looked at his insider buying and selling. sold a lot last year and was in the process of buying some some of the shares this year. mark smith no longer the ceo and face of mcp. b
this is steeper than even president obama's proposal. obama, of course, wants the 45% rate but only applied to estates valued at 3.5 million or more. any cliff deal will have to include the estate tax, and that fight is just beginning. maria? >> amazing, another big fight over the estate tax. >> starting right now so a lot to look forward to. >> robert frank with the latest there. breaking news on mollycorp. over to you, brian. >> i followed this rare earth company for a...
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Dec 7, 2012
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speaker boehner came out and gave a press conference where he essentially said president obama has done nothing to compromise with republicans. here's the speaker. >> four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there's been no counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to slow-walk our economy right to the edge of the fiscal cliff. >> reporter: not surprisingly, democratic house leader nancy pelosi had precisely the opposite explanation for what is behind this stalemate. she says republicans simply echoing the white house are going to have to buckle on the issue of the top rates. >> the only obstacle standing in the way of middle income tax relief are the republicans unwillingness to ask the top 2% to pay their fair share. >> but tyler, as you suggested, this is all a work in progress. the thing we cannot see that is not visible to the public or to the press is what's going on behind the scenes. staff discussions resumed yesterday. don't know
speaker boehner came out and gave a press conference where he essentially said president obama has done nothing to compromise with republicans. here's the speaker. >> four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there's been no counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to slow-walk our economy right to the edge of the fiscal cliff. >>...
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Dec 13, 2012
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joining us is betsy mccoy, they is author of decoding the obama health law. and she brought a huge big stack of pages you have read. >> yes, since that time the administration spewed forth 14,000 pages of additional regulations and they are just getting started. >> in terms of opting in or out of president's healthcare plan, only about half of the state or less than half the states are opting in. >> about 21 have opted out and a few are undecide fwecided but i clear that about half are not wanting to make their own exchanges. most don't know what an exchange is. most get health insurance at work and few plans through brokers. but this vision is a third way for those who are currently uninsured and for the millions of people who are about to lose their on the job coverage because their employer will say, oh, that government mandated health plan is too costly. those people will all have to go to the health insurance exchange in their state and enroll in the one size fits all government mandated plan. >> but is it kind of like car insurance where you can pick yo
joining us is betsy mccoy, they is author of decoding the obama health law. and she brought a huge big stack of pages you have read. >> yes, since that time the administration spewed forth 14,000 pages of additional regulations and they are just getting started. >> in terms of opting in or out of president's healthcare plan, only about half of the state or less than half the states are opting in. >> about 21 have opted out and a few are undecide fwecided but i clear that about...
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Dec 10, 2012
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president obama and john boehner meet face-to-face on sunday. does it mean we're any closer to the solution to the fiscal cliff? >>> a news conference by chairman ben bernanke, set for wednesday.
president obama and john boehner meet face-to-face on sunday. does it mean we're any closer to the solution to the fiscal cliff? >>> a news conference by chairman ben bernanke, set for wednesday.
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Dec 18, 2012
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we know the obama administration said overnight they wanted to go from 15 to 20%. we believe that's in there. i need to gunfire you one other piece. you saw amin report on boehner's tax only deal. treasury secretary did a call with top executives. >> i want to see. >> you're doing fine. >> i'm a big guy. >> lacks spending agreement, doesn't deal with automatic cuts, fails to resolve the debt ceiling issue and increases potential for rating downgrade. when the administration wants to lobby, they go to the ceos. that's been recurrent throughout this. ceos we understand are pushing back saying as you pointed out, $200 billion apart, make a deal. make a deal. if the consequences are the economy going over the cliff, why don't you make a deal. >> we'll see you on the spending side. >> i have to work overnight on that. >> sue, down to you. >> the market fees as though they are making a deal at this point. that's why we have a triple digit advance, up 114 points on the dow jones industrial average. bob pisani with some trading action. the market is aching for a deal. any
we know the obama administration said overnight they wanted to go from 15 to 20%. we believe that's in there. i need to gunfire you one other piece. you saw amin report on boehner's tax only deal. treasury secretary did a call with top executives. >> i want to see. >> you're doing fine. >> i'm a big guy. >> lacks spending agreement, doesn't deal with automatic cuts, fails to resolve the debt ceiling issue and increases potential for rating downgrade. when the...
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Dec 11, 2012
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thanks to obama and the voters. $249,000. live small. michael, judy and i lived in california for a while. it has so much potential. it doesn't have to be this way. they could fix it with better policies. >> absolutely. >> many thanks no michael reagan. on a more somber note over the weekend a great man and a dear friend of mine, saul steinberg passed away. he was a brilliant financier, a devoted family man and an ardent supporter of free market capitalism. i want to personally express my deepest condolences to saul's family. may he rest in peace. a brilliant man, a wonderful man, an old friend of mine. we shall miss him. the whole world shall miss saul steinberg. that's it for this evening. i'm larry kudlow. we'll be back tomorrow night from washington, d.c. americans believe they should be in charge of their own future. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want.
thanks to obama and the voters. $249,000. live small. michael, judy and i lived in california for a while. it has so much potential. it doesn't have to be this way. they could fix it with better policies. >> absolutely. >> many thanks no michael reagan. on a more somber note over the weekend a great man and a dear friend of mine, saul steinberg passed away. he was a brilliant financier, a devoted family man and an ardent supporter of free market capitalism. i want to personally...
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Dec 18, 2012
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we know the obama administration wants to go back to the 2009 level. that raises $100 billion, as far as we know. the gop does not want to do that. okay. you've been through the math. now let's total it up. what are the differences here? on one measure this is pretty much the democrat's measure. it's a $200 billion difference. again, only on revenue. add back that 95 billion that the gop says and it's a $300 billion difference. carl, all i can tell su that we're working the phones hard on the spending side and we have the administration trying to get a bit more about how they would do it. this right now, one more look, 200 apart by the dems measure and 295 on the gop measure when it comes to revenue. that should help people begin to price how close they are in coming to a deal. >> steve, two things come to me. one is the perfect being the enemy of the good and -- >> the what? >> the comments this morning about the light at the end of the tunnel. it doesn't look like a large difference. >> it doesn't but the question becomes the $95 billion which i can
we know the obama administration wants to go back to the 2009 level. that raises $100 billion, as far as we know. the gop does not want to do that. okay. you've been through the math. now let's total it up. what are the differences here? on one measure this is pretty much the democrat's measure. it's a $200 billion difference. again, only on revenue. add back that 95 billion that the gop says and it's a $300 billion difference. carl, all i can tell su that we're working the phones hard on the...
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Dec 17, 2012
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the obama rich account for about 2% of total tax filers. the boehner rich are more of an elite club. those who make $1 million or more a year. there are about 368,000 of them. about .2 of the top 1%. raising taxes on that group raises a lot less revenue. if we raise taxes to 39.6% of the obama rich we get around $44 billion next year. we raise taxes on the boehner rich, that gives us less than half that amount, about $20 billion. aside from the smaller numbers, the boehner rich also get more of their income from capital gains which are of course taxed at a lower rate. so raising their income tax rate has less of an impact. and $20 billion is still a lot of money. and boehner's offer is just a starting point. they could agree to a midpoint. but in government terms, boehner's plan is more valuable for its politics than its economics. back to you. >> all right, robert. thank you so much. robert, stay with us. so the tax revenue from the boehner rich may not make much of a dent when it comes to the deficit. but what does it mean for the spendin
the obama rich account for about 2% of total tax filers. the boehner rich are more of an elite club. those who make $1 million or more a year. there are about 368,000 of them. about .2 of the top 1%. raising taxes on that group raises a lot less revenue. if we raise taxes to 39.6% of the obama rich we get around $44 billion next year. we raise taxes on the boehner rich, that gives us less than half that amount, about $20 billion. aside from the smaller numbers, the boehner rich also get more of...
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Dec 22, 2012
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president obama calls for compromise. he has an urgent plea to extend the tax cuts in the next ten days. he's basically calling for a stopgap bill that will avoid tax hikes on 98% of americans. he's willing to waiten o the rest. >>> meanwhile, stocks had a fiscal cliff selloff. but even a deal in january for the cliff is going to be all right if you ask me. and today's economic numbers pretty darn good. and the gun control debate heats up again today after a controversial nra news conference in washington. the "kudlow report" begins right now. >>> all right. let's first look at the market reaction to this fiscal cliff stuff. jackie joins us with the details. good evening, jackie. >> good evening to you, larry. while markets finished lower on the day, they were higher on the week. the dow up about .5%, the nasdaq higher by 1.7%, and the s&p 500 up by roughly 1.2% over the last five days. meantime in terms of sector performance, the financials, they had a rough day. the plan "b" proposal for the fiscal cliff. up more than 3
president obama calls for compromise. he has an urgent plea to extend the tax cuts in the next ten days. he's basically calling for a stopgap bill that will avoid tax hikes on 98% of americans. he's willing to waiten o the rest. >>> meanwhile, stocks had a fiscal cliff selloff. but even a deal in january for the cliff is going to be all right if you ask me. and today's economic numbers pretty darn good. and the gun control debate heats up again today after a controversial nra news...
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Dec 28, 2012
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obama never even put spending cuts on the table. he's putting spending increases on the table for another round of solyndra stimulus spending. he was willing to save money, $1 trillion, but not occupying iraq for the next decade. they kicked him out of the country a little while ago, but he wanted to count that like not continuing the war of 1812 as his budget cut. >> don't you feel though we're at such a fiscal crisis situation that there needs to be compromise on both sides though? there has to be some give to get something done? >> oh, absolutely. look, the republicans passed the ryan plan which saves $6 trillion over the next decade. reforms entitlements. reforms taxes. what we need is some spending restrai restraint. maybe we don't get all $6 trillion that the republicans were tough enough and strong enough and brave enough and courageous enough and serious enough to pass a budget. you talked about harry reid picking on me. harry reid suggesting that i'm the reason they haven't done anything is a little bit silly. he ought to l
obama never even put spending cuts on the table. he's putting spending increases on the table for another round of solyndra stimulus spending. he was willing to save money, $1 trillion, but not occupying iraq for the next decade. they kicked him out of the country a little while ago, but he wanted to count that like not continuing the war of 1812 as his budget cut. >> don't you feel though we're at such a fiscal crisis situation that there needs to be compromise on both sides though?...
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Dec 29, 2012
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>> obama has all of the power right now. the president had a meeting with congressional leaders and he knows at the end of the day what he wants that 250 threshold unemployment insurance extension, he's going to probably get it. he's going on "meet the press" first time he's going on in three years to put his foot on the republicans and senate republicans to say as this deadline approaches what will you do? will you prevent a small extension of tax rate increases. i'm offering you 250. are you going to take it or leave it. that's hard ball politics. that's what obama is doing now. he's not ceding power. he's letting them haggle over the threshold and he's ending this argument and this debate. >> all right, gentlemen. good discussion. great to have you both on. guys, stick around -- oh, they're coming back. that's right. they're part of the fiscal cliff power panel. >>> let's turn to the market sell-off. the dow going down 158 pointis and want you to see the after-market numbers and the futures, something called the futures c
>> obama has all of the power right now. the president had a meeting with congressional leaders and he knows at the end of the day what he wants that 250 threshold unemployment insurance extension, he's going to probably get it. he's going on "meet the press" first time he's going on in three years to put his foot on the republicans and senate republicans to say as this deadline approaches what will you do? will you prevent a small extension of tax rate increases. i'm offering...
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Dec 12, 2012
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that and obama care, obama care just hit us by 19.5%. our medical costs are going up next year by 19.5%. so what can we do? we'll have to adjust our costs and get them in line. we compete in the worldwide economy, and our costs are going up. >> how much did that loss of the r & d tax credit cost your company as well? >> it cost us about 2.5%, 2% on the bottom line. >> and if the r & d tax credit does not come back, how many people might you have to let go next year? >> so what we have is we've got the 2%, 2.5% that we lost in the bottom line and obama care hitting us by 19.5%. our costs are going to go up 19.5% next year, so we believe, we'll probably have to cut two or three people just to overcome the extra cost that's going to hit our business in 2013 so we've got obama care going through. we're going to take on half that cost and pass half of that on to our employees. think about that. that means that our middle class employees are going to see that increase in their health care costs next year. >> right. >> howard dean was just on w
that and obama care, obama care just hit us by 19.5%. our medical costs are going up next year by 19.5%. so what can we do? we'll have to adjust our costs and get them in line. we compete in the worldwide economy, and our costs are going up. >> how much did that loss of the r & d tax credit cost your company as well? >> it cost us about 2.5%, 2% on the bottom line. >> and if the r & d tax credit does not come back, how many people might you have to let go next year?...
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Dec 13, 2012
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president obama's meeting with house speaker john boehner this hour. john, what should we expect? >> we expect the meeting to last something less than an hour between the speaker and the president of the united states. a republican leadership aide told me the meeting is taking place because a shakeup is required in budget talks, given the inflexibility of the white house. question is going to be, what is that shakeup? the speaker wants and republicans have been the demanding more details from the white house on potential cuts and entitlement programs. the white house has shown no willingness to go further than they've already gone and they are winning this argument in terms of public opinion. so, another possibility for a shakeup is for republicans to some how give ground and we'll see whether that happens on decoupling top tax rates, 98% of american families. we're going to have to see what happens and if we hear from john boehner and president obama after this meeting which will probably only do if some breakthrough occurs. >> all right, john, thank you. keep us posted. we will
president obama's meeting with house speaker john boehner this hour. john, what should we expect? >> we expect the meeting to last something less than an hour between the speaker and the president of the united states. a republican leadership aide told me the meeting is taking place because a shakeup is required in budget talks, given the inflexibility of the white house. question is going to be, what is that shakeup? the speaker wants and republicans have been the demanding more details...
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Dec 10, 2012
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. >> president obama hits the road to secure his position on the fiscal cliff. but why ral-- this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. >>> i just want to be sure
. >> president obama hits the road to secure his position on the fiscal cliff. but why ral-- this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your...
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Dec 11, 2012
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do you believe john boehner and president obama this weekend had a serious discussion? where are we really in this compromise? >> well, i've learned a long time ago up here what you don't know sometimes can kill you. if you don't know anything, it means something is going on. i hope they had substantial negotiations. >> you have no idea if it's true. >> too many people negotiating is a bad thing. >> you can't have 500 people in a room negotiating, right? you have been pretty vocal over the debt ceiling debate. very soon after this fiscal cliff issue moves forward, we're going to be moving forward on the debt ceiling debate. you have said you do not agree with president obama that he basically wants to take this debt ceiling debate off the table and this no barriers. why? >> it's like taking the limits off a teenager daughter's credit card. if you don't have limits you're going to spend forever. if the president didn't have limits, didn't have to come to us, work out an agreement, spending goes on forever, debt and deficit, pretty soon -- >> play with people's lives ever
do you believe john boehner and president obama this weekend had a serious discussion? where are we really in this compromise? >> well, i've learned a long time ago up here what you don't know sometimes can kill you. if you don't know anything, it means something is going on. i hope they had substantial negotiations. >> you have no idea if it's true. >> too many people negotiating is a bad thing. >> you can't have 500 people in a room negotiating, right? you have been...
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Dec 21, 2012
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the problem boehner has is that he needs to call obama's bluff. obama i believe, contrary to 208108 when he needed to be re-elected and actually extended tax rates for everybody because he didn't want there to be a recession now no longer has that pressure. he can be an ideologue. the average american and the average reporter, frankly, who doesn't really understand economics needs to have on the table something that says to obama, here. you said that you wanted to extend the present tax rates for everyone who was not a millionaire. we're offering you this. so the burden goes from the republicans raised tax rates to obama didn't follow through -- >> lost, heather, already lost. >> barely raised. not all right lost. the entire media story has been on the taxing side. appalling they never talked about the divisions on left about spending cuts. >> let me explain. when i say been lost. we already had the issue? nancy pelosi talking about a million. the president who ran the campaign, the number 250. the idea that a million versus 250 or 400 means the p
the problem boehner has is that he needs to call obama's bluff. obama i believe, contrary to 208108 when he needed to be re-elected and actually extended tax rates for everybody because he didn't want there to be a recession now no longer has that pressure. he can be an ideologue. the average american and the average reporter, frankly, who doesn't really understand economics needs to have on the table something that says to obama, here. you said that you wanted to extend the present tax rates...
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Dec 7, 2012
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team obama and team boehner are back at the negotiating table. but there is still substantial disagreement on tax rates, tax revenues, domestic spending and entitlement reform and the clock is ticking. speaking of tax hikes, europe's grand experiment with taxing the rich more is falling apart, especially in france and britain. and here at home, california and new york are passing through the 50% tax rate barrier. is anybody looking at how tax hikes fail the test of economic growth? >>> back here in the u.s., could it be michigan which used to call itself the worker's paradise union state is now moving towards new anti-union right-to-work legislation and it looks like it's going to pass? but first up, budget talks resume between speaker john boehner and president obama today. with just 25 days to go, let's keep tabs on where we stand. reports of a conservative backlash against speaker boehner simply not true. he has the solid support of his leadership and the rank and file. but there is concern among some in the gop that they are at risk of becomi
team obama and team boehner are back at the negotiating table. but there is still substantial disagreement on tax rates, tax revenues, domestic spending and entitlement reform and the clock is ticking. speaking of tax hikes, europe's grand experiment with taxing the rich more is falling apart, especially in france and britain. and here at home, california and new york are passing through the 50% tax rate barrier. is anybody looking at how tax hikes fail the test of economic growth? >>>...
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Dec 17, 2012
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raising their taxes, 3.6% on the obama rich is around 44 billion next year. raising taxes on boehner rich, that gives us about half that amount, about 20 billion. now aside from the smaller numbers of course, the boehner rich get income from capitol gains. raising their income tax rate has less of an impact. $20 billion is still a lot of money and boehner's offer is a good starting point. they a agreed to midpoint at 500 thousand, that could be good. but in government terms that is bet are for politics than for economics. >> and our viewers, smart punch. if they watched last week, they know we threw out this number. >> right. >> 3.million. that's the number of households filing income taxes. 3.2 million, that the number of households that also reported income below 500. so 83% of the rich are the working wealthy. they make between 200 and 500. >> that's in terms of population. now the income chart are really askewed when you get to the hospital. that top group on the average income for the 1 million plus group is 3.6 million. so the big chunk of income is rea
raising their taxes, 3.6% on the obama rich is around 44 billion next year. raising taxes on boehner rich, that gives us about half that amount, about 20 billion. now aside from the smaller numbers of course, the boehner rich get income from capitol gains. raising their income tax rate has less of an impact. $20 billion is still a lot of money and boehner's offer is a good starting point. they a agreed to midpoint at 500 thousand, that could be good. but in government terms that is bet are for...
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and saying he has not walked away from talks with president obama. now, from the white house side, it seems the president has changed his goal to only a tax deal and perhaps only a tax deal for those making $250,000 and below. not the $400,000 number he offered to boehner. you figure it out from this statement last night from a presidential spokesman. the president's main priority is to ensure that taxes don't go ul on 98% of americans and 97% of small businesses in just a few short days. it looks like they are trying for just that, $250,000 piece, and below. continue the tax cuts from the bush administration. the speaker did say the failed vote will not endanger his speakership. >> and while we may have not been able to get the votes last night, to avert 99.81% of the tax increases, i don't think -- they weren't taking that out on me. they were dealing with a perception that somebody might accuse them of raising taxes. >> melissa, i think things are not good, but maybe they're not as bad as we thought before. in that, the speaker remains ready to co
and saying he has not walked away from talks with president obama. now, from the white house side, it seems the president has changed his goal to only a tax deal and perhaps only a tax deal for those making $250,000 and below. not the $400,000 number he offered to boehner. you figure it out from this statement last night from a presidential spokesman. the president's main priority is to ensure that taxes don't go ul on 98% of americans and 97% of small businesses in just a few short days. it...
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Dec 14, 2012
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also obama care taxes. there's at least a 0.9% payroll tax and maybe the 3.8% investment tax applies to capital gains and sales of these franchises. that's what you're focusing on. it has not been a winning case, russ reynolds. >> yeah, and i think the reality is -- i think most small business people are aware that we're in a tough situation in america. and i think unfortunately, for small business people who create about 65% of the jobs that get created on an annual basis in this country, including the department of labor, i think what's unfortunate is the delivery has been effectively sort of an insult, which is the guy that gets up every morning and bakes bread because he owns four or five subways or the guy playing his fair share. i think recognizing that most small business people -- most franchisees in our system certainly are local -- they're good citizens in their local community, they're involved in their local community. there are quite a few of them that may stay at a hampton inn, they don't stay
also obama care taxes. there's at least a 0.9% payroll tax and maybe the 3.8% investment tax applies to capital gains and sales of these franchises. that's what you're focusing on. it has not been a winning case, russ reynolds. >> yeah, and i think the reality is -- i think most small business people are aware that we're in a tough situation in america. and i think unfortunately, for small business people who create about 65% of the jobs that get created on an annual basis in this...
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Dec 20, 2012
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it through congress he gains a little bit more leverage to have a bigger discussion with president obama maybe over the weekend to go back to plan "a" so i don't think it's getting a lot of attention, but it is a very big deal that he gets it first through congress and, second, if he gets it through congress, he gains a little bit more leverage to have a bigger discussion. >> ron insana, isn't it interesting that this market is expecting a deal so much? >> yeah. >> even when we had both sides digging in. at the end of the day, money moves into equities as if investors are saying there's no way these guys won't do a deal by december 31? >> maria, so much different than what we saw last year in 2011 when the debt ceiling debacle took place. the market appears to be looking through this and seeing through all the posturing and making the bet that the deal, as you say, will get done. i like to go with the cumulative which is do. markets, the message of the markets, however you want to characterize it and think that somebody knows something a little bit better than i do on this one and, hence
it through congress he gains a little bit more leverage to have a bigger discussion with president obama maybe over the weekend to go back to plan "a" so i don't think it's getting a lot of attention, but it is a very big deal that he gets it first through congress and, second, if he gets it through congress, he gains a little bit more leverage to have a bigger discussion. >> ron insana, isn't it interesting that this market is expecting a deal so much? >> yeah. >>...
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Dec 4, 2012
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ever since obama won the election, we are now in deal mode. i have to tell you, we're going to have a stellar year. it's going to be at a price. the price is going to be -- january is probably going to be much worse than predicted. february, march, et cetera. we're borrowing for the future, yet again. >> that's a really good point. is this just a short-term thing? next year in 2013, once we see cap gains taxes go much higher, which they probably will, do things slow down again? >> oh, yeah. i think it will slow down again. i think people will hunker down, particularly are the whole fiscal cliff story hanging. even if it goes over, which i predict it will -- >> so do i. >> diana, what are you seeing? >> in the high ends where dolly works, of course it's going to have a big effect. let's keep this in perspective when we look at the housing recovery. homes price ed over $1 million were just 1.7% of sales in october. this is a minuscule amount when you look at the overall housing market and the recovery. that's why we're not seeing prices come dow
ever since obama won the election, we are now in deal mode. i have to tell you, we're going to have a stellar year. it's going to be at a price. the price is going to be -- january is probably going to be much worse than predicted. february, march, et cetera. we're borrowing for the future, yet again. >> that's a really good point. is this just a short-term thing? next year in 2013, once we see cap gains taxes go much higher, which they probably will, do things slow down again? >>...
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Dec 18, 2012
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and president obama just says no. and harry reid says no. and chuck schumer says no. we want more tax revenues. we will not cut entitlements. nancy pelosi said no entitlement cuts. you are the party of no. >> i don't feel like the party of no. i think a lot of democrats feel like the party of yes in the sense that the country gave a big yes to obama's plans. and to echo part of what chairman steele just said, elections do have consequences. i do think the republican base, however badly is wants a perfect plan, does understand there's time for movement. and to their credit, some republican leaders and conservative leaders have been saying to the base on two issues, on immigration and on at least part of the upper bracket taxes, they've got to move a little bit. not because it's perfect but because they lost and they want to work with this president. and as we all know, the rates go up either way. >> yeah, but i don't see one hint yet. i mean, boehner wants -- and i think boehner is right, i think it's sensible, if you're going to give in on tax rates, marginal tax rate
and president obama just says no. and harry reid says no. and chuck schumer says no. we want more tax revenues. we will not cut entitlements. nancy pelosi said no entitlement cuts. you are the party of no. >> i don't feel like the party of no. i think a lot of democrats feel like the party of yes in the sense that the country gave a big yes to obama's plans. and to echo part of what chairman steele just said, elections do have consequences. i do think the republican base, however badly is...
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Dec 5, 2012
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the gop is under extreme pressure since president obama is definitely going to be seeing a wealthy tax added to it. on the economic news, little light tomorrow with initial claims at about 390,000, but the big story is really friday as we look to the jobs report. we believe that the effect of the payroll will be at 50,000 range due to the effect of hurricane sandy which could put our unemployment up to an 8% rate. >> all right. we'll be watching that. thanks very much to you both. we appreciate it. of course we'll be looking at this market and whether or not it loses the steam come the big rally today. ticktock, ticktock on the fiscal cliff. my thoughts on the story from timothy geithner. guess what, folks. i think we're going over the cliff. back in a moment. are system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 people looking out for more than 70 million americans. that's health in nu
the gop is under extreme pressure since president obama is definitely going to be seeing a wealthy tax added to it. on the economic news, little light tomorrow with initial claims at about 390,000, but the big story is really friday as we look to the jobs report. we believe that the effect of the payroll will be at 50,000 range due to the effect of hurricane sandy which could put our unemployment up to an 8% rate. >> all right. we'll be watching that. thanks very much to you both. we...
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Dec 17, 2012
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president obama spoke last night about change. >> we can't kol rate this any more. these tragedies must end. and to end them, we must change. we will be told that the causes of such violence are complex, and that is true. no single law, no set of laws can eliminate evil from the world or event every senseless act of violence in our society. >>> and earlier in the day, new york city mayor michael bloomberg called on the president to lead the nation on the issue of gun control. >> it's time for the president, i think, to stand up and lead and tell this country what we should do. not go to congress and say, what you guys want to do. this should be his number one agenda. he's the president of the united states. and if he does nothing during his second term, something like 48,000 americans will be killed with illegal guns. that is roughly the number of americans killed in the whole vietnam war. so let's get to cnbc's washington correspondent john harwood to talk about how washington will handle the gun control issue. i guess that's what we'll talk about this time. we hav
president obama spoke last night about change. >> we can't kol rate this any more. these tragedies must end. and to end them, we must change. we will be told that the causes of such violence are complex, and that is true. no single law, no set of laws can eliminate evil from the world or event every senseless act of violence in our society. >>> and earlier in the day, new york city mayor michael bloomberg called on the president to lead the nation on the issue of gun control....
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Dec 21, 2012
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for the moment, he kicked the can over to the senate and said that president obama and harry reid have to work out a solution. harry reid kicked the can right back and said what the house ought to do is pass the bill the senate passed. >> if republicans want to assure american families taxes don't go up on january 1st, they should simply pass the senate bill. >> now, i think in reality, guys, that solution is about as likely as plan b. you've got to have democrats and republicans talking and i think the question now is going to be in talks over the weekend and next week, do we get either a medium to large deal resurrecting the deal that obama and boehner almost struck earlier this week or do you get a small deal that simply delays everything for a month while they continue hassling? not a pretty picture at this point. >> joining us, rob mcguyver of the gemson quality growth fun, troy, rick santelli is with us in chicago, as well. troy, what do you think? how do you invest? do you even bother to try and invest right now into 2013 with all that's going on in washington? >> if there's any
for the moment, he kicked the can over to the senate and said that president obama and harry reid have to work out a solution. harry reid kicked the can right back and said what the house ought to do is pass the bill the senate passed. >> if republicans want to assure american families taxes don't go up on january 1st, they should simply pass the senate bill. >> now, i think in reality, guys, that solution is about as likely as plan b. you've got to have democrats and republicans...
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Dec 19, 2012
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so we think obama will do well. but it's not our only consideration. >> some of the other names, tim cook obviously gets mentioned a lot. the physicist. are you allowed to dissent like the way jeff lacker dissents? who would have been your pick? >> well, i was part of the group. and, you know, there was dissent within the group. you referred to earlier, yeah, it is one of the best things and the most fun things that we do within the group. but ultimately, it is rick stengel, the managing editor, it is ultimately his pick and what happens in the small council room stays in the small council room. >> jim, thanks so much. great seeing. >> nice to be here. >> jim frederick from "time." >> a battle brewing between facebook's instagram and twitter, and it involves your photos. we've got the details later on. right after the break, steven schoenfeld is here to tell us where your message money is being put to work in 2013. customer erin swenson bought from us online today. so, i'm happy. sales go up... i'm happy. it went ou
so we think obama will do well. but it's not our only consideration. >> some of the other names, tim cook obviously gets mentioned a lot. the physicist. are you allowed to dissent like the way jeff lacker dissents? who would have been your pick? >> well, i was part of the group. and, you know, there was dissent within the group. you referred to earlier, yeah, it is one of the best things and the most fun things that we do within the group. but ultimately, it is rick stengel, the...
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Dec 13, 2012
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of obama to actually raise the taxes on top earners. >> i think a mandate do both. the fed -- a lot of people blame the fed for everything, seems a little ludicrous, what the fed is saying, listen, guys, compromise and if you don't, you got to expect stocks to go down. consumer confidence coming down, small business coming down, compromise or else here is the future. the future is lower stock market. >> right. >> so i think that there is a -- there is a very funny thing going on. we have rich people coming down to washington saying, listen, we will take our taxes but got to give a compromise. there's this curious where's tim geithner with specific doubts really get this thing going? what do they come up with? what did eamon javers come up with the other day? raise taxes a little less than you thought. he comes out and says, listen, medicare, make it this new able. we'd deal. but it's the president that is -- >> a deal if it gets done, how you get there is a question mark. does he finally need to know they are going to proceed to the increase in tax rates that he wan
of obama to actually raise the taxes on top earners. >> i think a mandate do both. the fed -- a lot of people blame the fed for everything, seems a little ludicrous, what the fed is saying, listen, guys, compromise and if you don't, you got to expect stocks to go down. consumer confidence coming down, small business coming down, compromise or else here is the future. the future is lower stock market. >> right. >> so i think that there is a -- there is a very funny thing going...
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Dec 27, 2012
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especially after president obama won the election. senate democratic leadership aide tells me that will remains a 50/50 chance we will get a mini deal temporary extension of tax cuts under $250,000 before the january 1 deadline when we would go over the cliff. will are no assurances of that. a white house official told me as president obama prepares to fly back to conduct and participate in the negotiations at the end, there has been no progress over the holiday weekend. michelle, i'm afraid that people who are looking for a deal and looking for a deal by december 31, all hope is not lost. it is not looking good at the moment. >> let's go back to this hitting the debt ceiling on monday. we learned of this because treasury secretary tim good night mother sent a letter to the honorable harry reid majority leader. and that's where he outline it is fact that in three business days, the summit government is going to run out of borrowing capacity. john, if there were a treasurer in a business who went to their boss and said by the way, thre
especially after president obama won the election. senate democratic leadership aide tells me that will remains a 50/50 chance we will get a mini deal temporary extension of tax cuts under $250,000 before the january 1 deadline when we would go over the cliff. will are no assurances of that. a white house official told me as president obama prepares to fly back to conduct and participate in the negotiations at the end, there has been no progress over the holiday weekend. michelle, i'm afraid...
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Dec 28, 2012
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also, as supplies from the obama team, ep achieve lisa jackson stepping down. can the coal companies finally breathe a sigh of relief? guess what happened in britain when the uk banned handguns. the surprising result that could change the gun control debate. "the kudlow report" start ises right now. >>> the big news tonight, still the developments in washington on the fiscal cliff, eamon javers joins us with the details. >> good evening, meshel. capitol hill sources tell cnbc that congressional leaders are planning to go to the white house tomorrow to meet with president barack obama and it is not entirely clear at this point when that meeting will take place and details are still being hammered out and we saw today a blistering series of rhetorical jabs from one side to the other and it's not clear as a result of all that whether a deal can, in fact, get hammered out in the remaining time before new year's eve and take a listen to senate republican leader mitch mcconnell earlier today explaining the problems he's facing in washington. take a listen. >> the tru
also, as supplies from the obama team, ep achieve lisa jackson stepping down. can the coal companies finally breathe a sigh of relief? guess what happened in britain when the uk banned handguns. the surprising result that could change the gun control debate. "the kudlow report" start ises right now. >>> the big news tonight, still the developments in washington on the fiscal cliff, eamon javers joins us with the details. >> good evening, meshel. capitol hill sources...
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Dec 27, 2012
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obama was elected with a surplus of about 3 million votes. he won the election. he campaigned on this issue. again, the speaker can't take yes for an answer. the president has presented to him something that would prevent us from going over the cliff. it was in response to something the speaker gave to the president himself, but, again, i guess with the dysfunctional republican caucus in the house even the speaker can't tell what he's going to do because he backed off even his own proposal. mr. president, the house, we hear this so often, is controlled by the reap warnings and we acknowledge that. i would be most happy to move forward on something that senator mcconnell said they wouldn't filibuster over here that he would support and that boehner would support, if it were reasonable, but right now we haven't heard anything. i don't know, and it's none of my business, i guess, although i am very serious, if the speaker and the majority leader, the republican leader over here are even talking. i mean, what's going on here? mr. president, you can't legislate with y
obama was elected with a surplus of about 3 million votes. he won the election. he campaigned on this issue. again, the speaker can't take yes for an answer. the president has presented to him something that would prevent us from going over the cliff. it was in response to something the speaker gave to the president himself, but, again, i guess with the dysfunctional republican caucus in the house even the speaker can't tell what he's going to do because he backed off even his own proposal. mr....
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Dec 6, 2012
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. >> let's say our constitution was a little different and barack obama called you in tomorrow and said, get everybody out of china and do whatever you have to do, make these, make everything you make in the united states. what would that do to the price of this device? >> i honestly -- it's not so much about price, it's about the skills, et cetera. over time there are skills that are associated with manufacturing that have left the u.s. not necessarily people but the education stops producing them. >> that's sad. how do we get that back? sbl well, it is a concerted effort to get them back. with this project that i've talked about where we will do a mac in the united states next year? i think this is a really good another step for us. the consumer electronics world was really never here. so it is not a matter of bringing it back, it is a matter of starting it here. >> good morning. thanks for joining us here. >> reporter: while steve jobs liked to avoid the spotlight, he also thrived on it. it was as if he was selling products that were pieces of his own soul. he was inventor, pitchman
. >> let's say our constitution was a little different and barack obama called you in tomorrow and said, get everybody out of china and do whatever you have to do, make these, make everything you make in the united states. what would that do to the price of this device? >> i honestly -- it's not so much about price, it's about the skills, et cetera. over time there are skills that are associated with manufacturing that have left the u.s. not necessarily people but the education...
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Dec 18, 2012
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even though obama says he's aiming for or we need $4 trillion. the congressional budget office estimates we need only $3 trillion to get to the baseline to put the deficit on a sustainable path. there's a little bit of fudge in that. what we want to do, this is a thing that matters. all the stuff back and forth get to a point where the growth of the deficit equals the growth of gdp. that's what we're in for. >> stick around because we're going to continue this conversation right now. we are joined by republican senator bob corker. he's a member of the banking committee. and senator corker, we've been talking with you just a week ago you told us that you would have to see some serious budget cuts and some serious issues to address entitlements before you would agree on any deal. >> yeah. >> does this proposal from the president do it? >> no. i'm really surprised, at the reporting today. unless something happened this morning at 6:00, we're not close to a deal. and i've been trying for three weeks. i've been standing on my head, doing cart wheels t
even though obama says he's aiming for or we need $4 trillion. the congressional budget office estimates we need only $3 trillion to get to the baseline to put the deficit on a sustainable path. there's a little bit of fudge in that. what we want to do, this is a thing that matters. all the stuff back and forth get to a point where the growth of the deficit equals the growth of gdp. that's what we're in for. >> stick around because we're going to continue this conversation right now. we...
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. >> and you got you a barack obama chia pet. in a couple of weeks, those things will be in full bloom. >> on ebay you can get one of those. i thought becky was going to be here. i got becky, because she's kind of a jersey girl. i got this for all my guys in the company. the guy who runs my d.c. office, dan clifton. this is fiscal clifton world tour. and all the places where he was, various and sundry places -- >> who is that band? >> this is k.i.s.s. and my partner -- >> we've got to go. jason, thank you for all of this. we appreciate it very much. join us on wednesday. happy holidays. "squawk on the street" starts right now. >> can't wait to see what jason got us here. welcome to "squawk on the street" on this final trading day before christmas. i'm carl, with melissa lee, david faber at the nyse. the new york stock exchange and nasdaq closing at 1:00 p.m. eastern time. the futures, a little bit of weakness here which we'll talk about in a minute, after it comes after a pretty bad day on friday. the european markets closed for
. >> and you got you a barack obama chia pet. in a couple of weeks, those things will be in full bloom. >> on ebay you can get one of those. i thought becky was going to be here. i got becky, because she's kind of a jersey girl. i got this for all my guys in the company. the guy who runs my d.c. office, dan clifton. this is fiscal clifton world tour. and all the places where he was, various and sundry places -- >> who is that band? >> this is k.i.s.s. and my partner --...
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deloitte ceo was among the chief executives who met with president obama last week and called the conversations, quote, constructive. since then, not much progress has been made. we want to talk more about that exclusively. he's here with me to talk if he still feels that way about fiscal cliff. good to have you on the program. deloitte ceo. thanks so much for joining us. >> thanks for having me. >> i want to get to the president and your meeting and really zero in on the fiscal cliff. before we do that, i want to get to the situation around hewlett-packard and autonomy. of course, hp taking a massive write down on the acquisition of autonomy. ceo meg whitman throwing deloitte under the bus in some sense because the firm was among those charged with examining the books before the deal. what can you tell us about what you did in terms of overseeing the books at autonomy and what do you say now that she's charging this fraud? >> sure, maria. unfortunately for us, that matter has been turn the over to investigation and the authorities. believe it or not, that's one of the things i'm not on the hot
deloitte ceo was among the chief executives who met with president obama last week and called the conversations, quote, constructive. since then, not much progress has been made. we want to talk more about that exclusively. he's here with me to talk if he still feels that way about fiscal cliff. good to have you on the program. deloitte ceo. thanks so much for joining us. >> thanks for having me. >> i want to get to the president and your meeting and really zero in on the fiscal...
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if i look at the first administration of president barack obama, there was a lot of inherentiiting of debt. i'm not saying i agree or disagree. there's many that believe blaming someone else is just a way to shirk leadership. i'll tell you what. here's the problem with the blame game. when blame becomes an issue, it takes the empathy out. it takes the civility out and it green lights sustaining dysfunctional patterns. i'll give you an example. once you start blaming for example, let's take grover norquist. he's good target. once you start blaming grover norquist for a pledge made to get elected by representatives, you are totally doing a bait and switch. all of a sudden the issue of entitlementsbowles. why? they will look straight in the camera and say the gorilla in the room, entitlements. but when the blame game happens and you basically do bait and switch, you create a red herring. in this case, the red herring, and it is red, are tax issues. or taxing the rich even though the real issue you're avoiding, the big one, are the entitlements and the spending. now ross lynn carter -- an
if i look at the first administration of president barack obama, there was a lot of inherentiiting of debt. i'm not saying i agree or disagree. there's many that believe blaming someone else is just a way to shirk leadership. i'll tell you what. here's the problem with the blame game. when blame becomes an issue, it takes the empathy out. it takes the civility out and it green lights sustaining dysfunctional patterns. i'll give you an example. once you start blaming for example, let's take...
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Dec 17, 2012
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john boehner, who went to the white house today, met with treasury secretary geithner and president obama. he didn't answer any reporters questions, as you can see him returning right here. but we do know that the speaker has now put on the table raising the top rates for those people who make more than $1 million a year. now, that's a concession in terms of raising rates that the speaker had not been willing to offer before. so, clearly, melissa, there's some progress in these behind the scenes negotiations. what we don't know is where this thing is going to end up. the speaker said in his latest public offer he's willing to go about as high as $1 trillion in new tax revenue. the president has said that he wants $1.4 trillion, so, there's still some distance between the two of them. now tomorrow, the members of congress are going to be back in town and watch very carefully to see if speaker boehner can hold his coalition together among republicans on capitol hill or how many of those folks express disapproval of this deal. guys? >> eamon, thank you. let's talk more about the cliff's pote
john boehner, who went to the white house today, met with treasury secretary geithner and president obama. he didn't answer any reporters questions, as you can see him returning right here. but we do know that the speaker has now put on the table raising the top rates for those people who make more than $1 million a year. now, that's a concession in terms of raising rates that the speaker had not been willing to offer before. so, clearly, melissa, there's some progress in these behind the...
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Dec 13, 2012
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barack obama went to a christmas party. he went past a group of reporters. he says it is a work in progress. that's about where we know. >> is it your impression, aemon, that the subject has grown darker with the prospect of a deal than it was 48 hours ago? >> we haven't seen any public evidence of the private negotiations since about tuesday when we saw offers and counter offers taking place behind the scenes. we have seen a hardening of the public rhetoric over the past couple of days here. you get the sense that people here in the capitol building are prepared to be here through christmas at this point. i talked to one member of congress who said, look, if they need me to, i will be here on christmas day. so i think people are bunkering in up here right now. at least atmospherically. that's where we're at. >> what are the hypothesis that both sides have some sort of incentive to take the country over the cliff even if only for a week or so. because on the gop side, they've said, we do 7b want it raise rates on anybody. on the president's side, he said, i
barack obama went to a christmas party. he went past a group of reporters. he says it is a work in progress. that's about where we know. >> is it your impression, aemon, that the subject has grown darker with the prospect of a deal than it was 48 hours ago? >> we haven't seen any public evidence of the private negotiations since about tuesday when we saw offers and counter offers taking place behind the scenes. we have seen a hardening of the public rhetoric over the past couple of...
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obama said yesterday talks with speaker boehner were deteriorating. a member of the ceo fiscal leadership council of the campaign to fix the debt, he joins us now. when you're on fix the debt, it must be doubly frustrating. what's your latest take? >> well, as we all know, the situation is very fluid. to me it appears as though there has been some signs of progress on both sides both in terms of speaker boehner's involving position, i think the white house position has been evolving. you sense there is a framework for a deal to be done. we hope partisanship doesn't torpedo the entire series of conversations but it feels like the two sides are close enough that there ought to be a deal that can be cut. >> so the detour that we've taken over the past 48 hours with regard to plan b, is that a political tool or do you believe that is actually a road that leadership wants to go down if they have to ? >> i think everything at this point is a political tool. i think both sides should want a deal. investors want a deal. the american public wants a deal. folks
obama said yesterday talks with speaker boehner were deteriorating. a member of the ceo fiscal leadership council of the campaign to fix the debt, he joins us now. when you're on fix the debt, it must be doubly frustrating. what's your latest take? >> well, as we all know, the situation is very fluid. to me it appears as though there has been some signs of progress on both sides both in terms of speaker boehner's involving position, i think the white house position has been evolving. you...
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Dec 19, 2012
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president obama proposes to spend $8 trillion on defense spending over the next decade. that's too much, unsustainable. >> we're really talking about the wasteful spending and the idea that medicare will get a -- >> excuse me, maria, i think spending $50 billion on nuclear weapons every year when the cold war is over is an example of wasteful spending. >> let's stay on topic. we're talking about wasteful medicare spending, 900 bucks for a back brace that costs 200 bucks. >> who is running the store? >> is it a more competitive bidding process, is that the answer in the industry seems to think it's not. >> well, i definitely think it is, because if you look at laysik eye surgery, cosmetic surgery, things where people pay out of their own pocket. guess what, costs steadily declining. the problem with medicare they don't pay out of their own pocket, like going to an all you can eat steak restaurant and pay one price. we need to fix the basic problem which is lack of shopping around, lack of competition. >> somebody's paying for it, and we know who that is. thank you very mu
president obama proposes to spend $8 trillion on defense spending over the next decade. that's too much, unsustainable. >> we're really talking about the wasteful spending and the idea that medicare will get a -- >> excuse me, maria, i think spending $50 billion on nuclear weapons every year when the cold war is over is an example of wasteful spending. >> let's stay on topic. we're talking about wasteful medicare spending, 900 bucks for a back brace that costs 200 bucks....
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Dec 14, 2012
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obama was going to demand the tax increases with or without the approval of ceos, many of whom didn't vote for him anyway. business leaders got something really wrong. they were under a false impression, the impression that president understood their support for tax increases and they would pressure their own republican buddies in congress to make a deal and accept tax hikes, the ceo figures that they would offer spending cuts and go with the president and the grand bargain would be struck. now the ceos realize that perhaps the president doesn't think he should offer any spending cuts at all, maybe nothing substantive. they are saying, hey, listen, there is no compromise coming, even if they conceded they had to pay higher taxes. the gop isn't helping either. they don't want to get specific about their own spending cuts and see a realistic proposal from the white house and pin the tail on the white house from being too tough on medicare. somebody needs to be the bigger man here, and it's increasingly clear that the business community thinks that somebody may not be the president. that
obama was going to demand the tax increases with or without the approval of ceos, many of whom didn't vote for him anyway. business leaders got something really wrong. they were under a false impression, the impression that president understood their support for tax increases and they would pressure their own republican buddies in congress to make a deal and accept tax hikes, the ceo figures that they would offer spending cuts and go with the president and the grand bargain would be struck. now...
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Dec 26, 2012
12/12
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major question as the politicians begin to gather again, at least obama, tomorrow morning to try to get a solution. five days to go. >> bob did some interesting analysis or asked some good questions about that mastercard survey and it indicated that maybe that's not the be-all and end-all in terms of the consumer spending numbers but it does indicate that maybe this past holiday spending season wasn't all it was cracked up to be. that will do it for "power lunch" for the day after christmas. >> thank you very much for watching. "street signs" on cnbc begins right now. >>> maybe we should call today's show "sleet signs." the weather wreaking havoc around america again. retail stocks melting down as the consumer finally caved in. a storm of another kind, the fiscal cliff, just days away but there's yet another threat out there which might even have a bigger impact on the economy. we'll tell you what it is. that story ahead. >>> plus, herbalife decides the best defense is a good offense and why amazon and netflix are suddenly feuding like the hatfields and mccoys. >> hello, everybody. on t
major question as the politicians begin to gather again, at least obama, tomorrow morning to try to get a solution. five days to go. >> bob did some interesting analysis or asked some good questions about that mastercard survey and it indicated that maybe that's not the be-all and end-all in terms of the consumer spending numbers but it does indicate that maybe this past holiday spending season wasn't all it was cracked up to be. that will do it for "power lunch" for the day...
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Dec 6, 2012
12/12
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some other surveys have shown president obama with a stronger hand. we looked democrats in congress together with the president, any time you lump congress in a question it drags down the number. finally if you look at the intense partisan split on outlooks for the economy, this is something that is relevant as we try to measure the pessimism or optimism of american voters, we see now an even split among those who say the economy will get better in the next year versus those who say it will get worse but there's a tremendous partisan split there. republicans, a six in ten republicans say the economy will get worse. it's the loser's lament after the election that they become more pessimistic, democrats overwhelmingly optimistic, independents interestingly agree more with the republicans, they expect the economy to get worse and that's one of the factors weighing down on public opinion as we head toward the last three weeks of the year's negotiations to avoid the fiscal cliff, carl. >> times a-wastin. with the deadline inching closer what needs to be do
some other surveys have shown president obama with a stronger hand. we looked democrats in congress together with the president, any time you lump congress in a question it drags down the number. finally if you look at the intense partisan split on outlooks for the economy, this is something that is relevant as we try to measure the pessimism or optimism of american voters, we see now an even split among those who say the economy will get better in the next year versus those who say it will get...
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Dec 14, 2012
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eastern time president obama will address the nation about this shooting at sandy hill elementary. the president will be coming out with more. you're there. it is an incredibly chaotic scene that's going on. we're both parents on this set. it's striking parents today. we'd like to be at our school. have you had a chance to speak with many people about their feelings, generally about school security, whatever it might be? it's impossible to formulate a smart question today? >> reporter: right. exactly. what we have heard and the information, i have not spoken to any parents directly. what we have heard is what's been unfolding. we've had producers on the scene. you've seen the visuals of the parents running up the hill, some of them being reunited with their kids. we can all imagine the circumstances and the feelings involved. you mentioned a chaotic scene but there's unfortunately also some organized chaos here, and that is because we trained for this or law enforcement trains for this. school officials train for this now, the possibility. >> michelle, isn't that one of the tragedi
eastern time president obama will address the nation about this shooting at sandy hill elementary. the president will be coming out with more. you're there. it is an incredibly chaotic scene that's going on. we're both parents on this set. it's striking parents today. we'd like to be at our school. have you had a chance to speak with many people about their feelings, generally about school security, whatever it might be? it's impossible to formulate a smart question today? >> reporter:...
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Dec 18, 2012
12/12
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it will almost certainly include higher rates for the top 2% because obama refuses to budge from that position. if the wealthy are going to get hit with a major tax hike, does it really make sense to own the stock of a company that owns motor yachts? not only that, but brunswick also makes billiard tables, fancy fitness machines and bowling equipment. bowling may be more of an every-man activity. i've got my own ball and shoes, yet three quarters of its sales come from its marine segment which includes all of its boats. when tax rates on the wealthy go up in a couple weeks, won't that hurt brunswick's business? you know to an extent, it does matter. but i think it's already getting baked into the stock. i'm really not worried and let me tell you why. first of all, as bad as the fiscal cliff might be, the fact is, it won't nearly be as bad as the great recession. and by the way, that's an interesting compare because brunswick handled the great recession with flying colors. in the marine industry, about 30% of the dealers in the u.s. went under during the recession. isn't that extraordi
it will almost certainly include higher rates for the top 2% because obama refuses to budge from that position. if the wealthy are going to get hit with a major tax hike, does it really make sense to own the stock of a company that owns motor yachts? not only that, but brunswick also makes billiard tables, fancy fitness machines and bowling equipment. bowling may be more of an every-man activity. i've got my own ball and shoes, yet three quarters of its sales come from its marine segment which...
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Dec 12, 2012
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. >> next, team obama considering corporate tax cuts. could that be a dealmaker in d.c.? free up the cash. turn the economy loose. larry investigates. the kudlow report next on cnbc. bob, these projections... they're... optimistic. productivity up, costs down, time to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it.
. >> next, team obama considering corporate tax cuts. could that be a dealmaker in d.c.? free up the cash. turn the economy loose. larry investigates. the kudlow report next on cnbc. bob, these projections... they're... optimistic. productivity up, costs down, time to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did,...
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Dec 28, 2012
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the obama tax cuts. i'm calling it first. the obama tax cuts. he's going to write a tax cut bill, send it up to the hill, and they're going to pass it. >> expires on january 2nd. >> do we make them permanent, jimmy? 98% of them will be made permanent? >> i hope not. that is not the job of the government. the government's job is to raise taxes and to lower taxes when our economy needs it. that's what the senate does. john breaux, former senator john breaux from louisiana sat on the floor during the 2001 tax bill and said our job is to raise taxes when they need to be raised and lower them when they need to be lowered. that's the senate and the house's job. >> but, one man's -- is another man's -- if you look at the laugher curve you don't know when to raise and when to lower at this point. >> president obama kept bush's taxes in for two years. >> i know. >> but suddenly, you know, democrats like you love the 98%, and you hate the 2%. it's very weird. >> tell him, joe. >> don't hate the 2%. i'm not a self-
the obama tax cuts. i'm calling it first. the obama tax cuts. he's going to write a tax cut bill, send it up to the hill, and they're going to pass it. >> expires on january 2nd. >> do we make them permanent, jimmy? 98% of them will be made permanent? >> i hope not. that is not the job of the government. the government's job is to raise taxes and to lower taxes when our economy needs it. that's what the senate does. john breaux, former senator john breaux from louisiana sat on...